This is related to economics and from concepts of short run and long run?My question is how managers follow concepts of short run and long run in...

Businesses are in business to make a profit. Therefore if
a business faces a choice on production alternatives it will choose the one it thinks
will yield the greatest profit. To maximize profit businesses must analyze their
capacity to produce. This is accomplished two ways: The short run refers to the capacity
produced utilizing the existing equipment it already has available to them. The long run
refers to variables in the factors of production, such as labor and machinery. For
example, the potential increase in profits by adding more labor or machinery to the
production process.  Before any manager makes a decision regarding the profit value in a
short or long run they would be involved in research, consultants, and field experts all
of which play a significant role in the process.